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FX poll 2008:

FX poll 2008:

FX moves to centre stage

The world’s largest banks 2008

The world’s largest banks 2008

Guide to the leading banks across the globe by market capitalization

February 2008

Card sharks

One way of forcing a bank to review its lending practices is to wipe billions of dollars off its balance sheets via widespread write-downs of securities backed by loans made to customers with poor credit histories who have absolutely no chance of paying them back. Another way of doing it is to steal £10,000 from its chairman.




Last month, a conman posing as Barclays chairman Marcus Agius ordered a new credit card from a call centre. Apparently, the thief obtained the pertinent information (date of birth, address, etc.) by searching on the internet. Once he had his new card he used it to withdraw the money from a local Barclays branch. Barclays has admitted the mistake, attributing it to "human error", and has reimbursed Agius the full £10,000. A review of Barclays’ lending and security procedures is now under way.







I’ve reluctantly discarded the notion of my continuing to manage the portfolio after my death – abandoning my hope to give new meaning to the term ‘thinking outside the box

The 84-year old Warren Buffett announces in February’s annual letter to Berkshire Hathaway shareholders that he has identified to the board four potential candidates who could take over from him

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